iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,441 Blog Posts

Stocks Collapse, Spearheaded Lower by Yum China and L Brands

Maybe LB is lower because women no longer want to identify with their gender? Isn’t sexy nightwear somewhat SEXIST, after all? Plus anyway, with so many flamboyantly gay males these days (by my assessment from the teevee, upwards of 75% of all numales are in fact gay) there isn’t any need for romantic nightwear.

Down you go L Brands, you racist, sexist, bastards!

L Brands reports June comps of -9% (Victoria’s Secret -17% and Bath & Body Works -8%) vs mid to high single digit decline guidance.

Over in China, the Chinese do not want to corraled into degenerate Kentucky Fried Chicken outposts any longer. They must feel those eateries are beneath the dignity of man — judging by today’s stock price action.

Down you go YUMC.

Reports Q2 (Jun) earnings of $0.27 per share, $0.01 worse than the Capital IQ Consensus of $0.28; revenues rose 0.4% year/year to $1.59 bln vs the $1.6 bln Capital IQ Consensus.

Same-store sales grew 3%, including growth of 4% at KFC, flat at Pizza Hut. Opened 90 new restaurants during the quarter.

Total restaurant margin increased 2.7 percentage points to 15.3%, primarily due to the impact of retail tax structure reform and also driven by same-store sales leverage, partially offset by wage inflation and commodity inflation.

Operating profit increased 64%, and 73% excluding F/X, primarily due to the impact of retail tax structure reform and also driven by same-store sales leverage. F/X negatively impacted reported operating profit by $8 million.

The overall market seems to me, a mere immortal amongst peasants, completely screwed. Don’t tell me you weren’t thinking the same.  Sure the Dow is only down 140 and the Nasdaq 55 — but the breadth and the lack of energy leaves me with an uneasy feeling of dread. No?

Case in point, why is UAA and GNC sharply lower? I can’t find any news.

Amongst the mega caps, TSLA and GE are down more than 4%. That’s not good news. Next thing you know, the entire market is down 4%. What this market needs is an enema — a good cleansing. But don’t get caught outside when it happens, otherwise you’re liable to shit yourselves and embarrass yourselves whilst entertaining your manlet friends in a genderless locale, presiding over faggot daiquiris.

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13 comments

  1. roundwego

    Default. Muni, subprime auto, energy bonds. Default as the fed exits.

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  2. it is showtime
    it is showtime

    No………………. RECORD………………… Highs…………………

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  3. ironbird

    The manlets can experiment with the strap on. Deviant bastards. So be it.

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  4. longview

    I don’t think you made your case that L Brands is racist.

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    • iflyjetzzz

      L Brands is a Republican. All Republicans are racist misogynists; just ask any Democrat. No need to state that L Brands is racist.

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    • Dr. Fly

      L brands caters to WHITE WOMEN, who are innately racist. Ergo, L Brands is racist too.

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      • cancel19

        L Brand caters to Sophisticated Civilized Women that shave their monkey parts. Gorilla liberal hairy primates need not apply!

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      • iflyjetzzz

        Fly, that’s news to me. I’ll tell that to my (ethnic minority) wife who gets her underwear and pajamas exclusively from VS. I see a mix of ethnicities in VS every time I go there.

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        • The Maven

          What’s up with the gangs of black women descending on Victoria’s Sectet stores and looting the place? Happens quite a bit. Friends of yours?

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  5. dcolella15

    Instant classic

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  6. soupbone

    The most delicious chicken in China is dog.

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    • iflyjetzzz

      I’ve seen some pretty nasty shit over there that they pass off as food.

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      • sarcrilege

        At least they are not wiping their ass with left hand and serving food with right hand, like those moozlim degenerates in India/Pakistan. Or are they?

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